Tianhua New Energy's IPO in Hong Kong: A couple in their sixties become the largest shareholders, Chairman Pei Zhenhua has an extensive background

Suzhou Tianhua New Energy Technology Co., Ltd. (hereinafter referred to as “Tianhua New Energy”) has recently filed a listing application with the Hong Kong Stock Exchange Main Board. Huatai International and CMB International jointly serve as co-sponsors. As a company deeply rooted in the new energy sector, its business covers three major segments: research and production of lithium battery materials, anti-static ultra-clean technology products, and medical devices. Among them, new energy lithium battery materials are the core business.

According to disclosures in the prospectus, Tianhua New Energy has been listed and traded on the ChiNext Market of the Shenzhen Stock Exchange since July 2014. Financial data show that from 2023 to 2025, the company’s operating revenue was 10.47B yuan, 6.61B yuan, and 7.55B yuan, respectively. Over the same period, net profit was 2.16B yuan, 1.03B yuan, and 457M yuan, respectively. Although the company’s revenue scale has fluctuated in recent years, it has consistently maintained technical investment and market planning in the new energy sector.

The company’s equity structure shows that the founder, Pei Zhenhua, and Rong Jianfen together hold approximately 18.87% of the issued share capital, forming a single largest shareholder group. Pei Zhenhua, who is currently 66 years old, has served as chairman since 2007. His professional background includes 13 years of technical and management experience at the Jiangsu Textile Research Institute, and he holds a master’s degree in business administration from the China Europe International Business School. As an early management team member, Rong Jianfen has previously been deeply involved in the company’s strategic decision-making.

Of note, Pei Zhenhua will formally be reassigned to the position of executive director in March 2026. This leader, who combines technical background with commercial vision, previously spearheaded the company’s strategic transformation from traditional industries to the new energy sector. Although his spouse, Rong Jianfen, has stepped back from day-to-day management, she still maintains a deep connection with the company’s development through the equity structure. This Hong Kong stock listing application marks Tianhua New Energy’s official entry into a new chapter of cross-border capital operations.